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What are the tax implications in a SWP?

By IndianMoney , 7 months ago

*Debt funds: If these funds are held for less than 3 years, withdrawals will be considered as income, and will be taxed according to the investor's tax slab. If these funds are held for more than 3 years, long term capital gains will be taxed at 20% after indexation. *Equity funds: if these funds are held for less than a year, withdrawals will be taxed at 15%. if they are held for more than a year, long term capital gains will be taxed at 10% over and above 1 Lakh.

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